Garmin Ltd. (NASDAQ:GRMN) shares hit a new 52-week high on Monday . The stock traded as high as $71.89 and last traded at $71.62, with a volume of 1447095 shares. The stock had previously closed at $71.39.
Several research analysts recently weighed in on the company. Bank of America set a $70.00 target price on Garmin and gave the stock a “sell” rating in a research report on Thursday, November 15th. BidaskClub raised Garmin from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. Finally, Morgan Stanley cut their target price on Garmin from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.40.
The firm has a market cap of $14.19 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94.
ILLEGAL ACTIVITY WARNING: “Garmin (GRMN) Hits New 12-Month High at $71.89” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.com-unik.info/2019/02/18/garmin-grmn-hits-new-12-month-high-at-71-89.html.
Garmin Company Profile (NASDAQ:GRMN)
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.
Read More: What is the S&P 500 Index?
Receive News & Ratings for Garmin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garmin and related companies with MarketBeat.com's FREE daily email newsletter.